AstroNova, Inc. (NASDAQ:ALOT) Sees Large Growth in Short Interest

AstroNova, Inc. (NASDAQ:ALOT) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 30,800 shares, a growth of 294.9% from the September 15th total of 7,800 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 12,300 shares, the days-to-cover ratio is currently 2.5 days.

AstroNova Stock Performance

ALOT opened at $14.62 on Friday. AstroNova has a 12-month low of $11.79 and a 12-month high of $18.83. The company has a current ratio of 1.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $109.85 million, a PE ratio of 22.15 and a beta of 0.55. The firm has a 50 day moving average of $14.16 and a two-hundred day moving average of $15.71.

Hedge Funds Weigh In On AstroNova

A hedge fund recently bought a new stake in AstroNova stock. O Shaughnessy Asset Management LLC bought a new stake in shares of AstroNova, Inc. (NASDAQ:ALOT) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,543 shares of the business services provider’s stock, valued at approximately $206,000. O Shaughnessy Asset Management LLC owned approximately 0.15% of AstroNova at the end of the most recent reporting period. Institutional investors and hedge funds own 43.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of AstroNova from a “buy” rating to a “strong-buy” rating in a research report on Thursday.

About AstroNova

AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Europe, Asia, Canada, Central and South America, and internationally. The company operates in two segments, Product Identification (PI) and Test & Measurement (T&M).